The next meeting of the ASK regional representatives was held

The Azerbaijan Entrepreneurs Confederation has held another event to increase cooperation with members of entrepreneurs and employers in the regions.

The ASK gathered representatives from 38 regions in Baku to discuss their difficulties, obstacles to the development of business in the regions and instructed them on government subsidies and credit mechanisms.

Representatives of the Agency for Agrarian Services (AXA) and the Agrarian Credit and Development Agency (AKIA) made presentations at the meeting of the ASK regional representatives in Baku on February 22. Later on, the questions of entrepreneurs were answered.

According to Rovshan Mammadli, Sector Director of AKIA, the agency provides funds allocated by the state to entrepreneurs through authorized credit organizations. Limits are set for MFIs and certain interest rates are applied to them when the funds allocated by the state are not fully used.

Noting that cash loans are up to 5,000 manat, Rovshan Mammadli said that the volume of large loans is up to 200,000 manat.